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  • Guts of jobs report weaker than the headlnes [View news story]
    Zero Hedge is useful if one wants to be appraised of every possible bear scenario out there (no matter how kooky). It is not really an "investment advise" site in my view. It's best not to think of any investment site as a place that should mirror ones own views on the economy. Rather they are all sources of information, but you do have to take nearly all information from any site with a grain of salt. There is always someone on the other side of any trade, no matter how positive or negative it appears.
    Jul 3, 2015. 07:10 AM | 2 Likes Like |Link to Comment
  • Jobs up 223K; UE rate falls to 5.3% [View news story]
    Correction, 400 to 650K dropped out, depending on who's sources you believe.
    Jul 2, 2015. 09:01 AM | 2 Likes Like |Link to Comment
  • Guts of jobs report weaker than the headlnes [View news story]
    I like how all the current economic data gives the fed breathing room to go in either direction...
    Jul 2, 2015. 08:57 AM | 2 Likes Like |Link to Comment
  • Jobs up 223K; UE rate falls to 5.3% [View news story]
    The "miracle" you speak of is that 400K dropped out of the labor force, that is what caused the UE rate to drop.
    Jul 2, 2015. 08:51 AM | 6 Likes Like |Link to Comment
  • Greece given 48 hours to reach deal [View news story]
    When you owe the banks $360B there are no deadlines. No bank wants to write off debt of this size, there will be emergency meetings, extensions of "deadlines" and all manner of financial quackery regarding Greece's debt for as far into the future as the eye can see.
    Jun 23, 2015. 06:07 AM | 4 Likes Like |Link to Comment
  • eBay sells 28.4% Craigslist stake back to company [View news story]
    Craigslist is the NPR of eCommerce.
    Jun 19, 2015. 08:45 PM | 3 Likes Like |Link to Comment
  • Stocks end week on cautious note amid Greece uncertainty [View news story]
    I heard no one is trading most of the Greek financials because no one will issue CDS insurance on them, so they are stuck at an artificially high level that was set weeks or months ago.
    Jun 19, 2015. 08:37 PM | Likes Like |Link to Comment
  • Greek capital flight soars [View news story]
    ECB wants Greece on the ropes financially so they will be more motivated to negotiate, that's why they only got $1B in ELA funds...just enough to keep the Greek banks afloat.
    Jun 19, 2015. 11:13 AM | 2 Likes Like |Link to Comment
  • Wal-Mart store greeters coming back in trial run [View news story]
    I suppose greeters make shoppers feel less anonymous and perhaps theoretically less likely to steal. CVS started doing this years ago, but I don't think anyone will feel much less anonymous with Wal-Mart greeters or less likely to steal...
    What they really need to do is be more consistent when checking the receipts of the customers exiting the store. Basically, if you are non-white your receipt gets checked and this is not exactly a politically correct or accurate way to check for theft. I'm white and shop at Wal-Mart 2-3 times a week (for years & years) and have never had my receipt checked. I joke to my friends that I could drive a riding lawn mower out the front door of Wal-Mart with no receipt and the receipt checkers would wave me through.
    Jun 19, 2015. 11:07 AM | 3 Likes Like |Link to Comment
  • McDonald's preps to play politics [View news story]
    Since most of your generation is generally unemployable, your only ray of hope is that McDonalds adopts these kiosks and hires you as back-up staff to help out with the "customer kiosk training" chores.
    Jun 14, 2015. 05:20 AM | 2 Likes Like |Link to Comment
  • Greek Court Suspends Gravity [View article]
    Gravity was not an invention, it was a discovery and it was not discovered by Einstein, but by Sir Isaac Newton.

    The Greek pensioners, like pensioners the world over, simply want what they were legally promised by their government. Even though Greece may be technically insolvent, those pensions, according to law, still need to be paid. The administrative court is correctly saying that the Greek government can't re-write the laws pertaining to a legal financial obligation just because they no longer have the funds to pay for them. At some point after Greece is legally bankrupt, there is likely a provision that allows for the suspension of pension payments.
    Jun 12, 2015. 05:19 AM | 9 Likes Like |Link to Comment
  • Etsy -15.2% post-earnings; GMS growth slows to 28% [View news story]
    May 19, 2015. 08:21 PM | 4 Likes Like |Link to Comment
  • Crude tumbles ahead of stockpiles data, Fed decision [View news story]
    What's with the disparity in published crude oil future prices? & seeking alpha have a $44 handle, Comex, Bloomberg and CNBC have a $42 handle. Are different web sites publishing different months future prices?
    Mar 18, 2015. 07:52 AM | 2 Likes Like |Link to Comment
  • Inventory Build May End Sooner Than Expected, Cushing May Not Fill - Impact On WTI [View article]
    "As memory serves, there are 42 gallons of gas per barrel of crude,"

    Isn't a barrel of crude 42 gallons of crude oil? Refineries in the United States produce an average of about 12 gallons of diesel fuel and 19 gallons of gasoline from one barrel (42 gallons) of crude oil.

    I'm not sure if your math was correct and you just mis-spoke the gallons of gasoline per barrel of crude.
    Mar 17, 2015. 05:38 AM | 1 Like Like |Link to Comment
  • Chicago PMI dives into contraction [View news story]
    This number is so bad that it suggests no rate hikes for as far as the eye can see and even a glimmer of hope for a new round of QE. That of course would be good news for stocks in general and consequently the futures numbers barely moved. Bad news is good news again.
    Feb 27, 2015. 10:37 AM | 8 Likes Like |Link to Comment